Dear diary,

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Manchester United rocks! I know Rooney is getting back to his best form soon. Go Man U go!

I did not have any trade for ‘Trades that got away’ posting today. The only low-risk dummy trade was the YM trade. Looking at the charts of index futures in my watchlist (ER2, ES, NQ, YM), we again had a ‘mid day reversal’ action. Gap down, sold off, BANG! rebounded. I would have been stopped out at break even if I did not exit my trade according my plan.

Not so much to write home. Some profit in pocket and a better trade.

Michelle B wrote another good post at TraderMike’s blog. She wrote something about rules :

Having rules, and some traders have many, is not the same as being disciplined. A disciplined trader follows his rules, while a trader who has rules may not necessarily be disciplined enough to follow them.

How true. A long list of time tested rules are useless if I am not following in.

Be a better trader.